Lombard Odier Asset Management USA Corp Purchases 3,100 Shares of TD SYNNEX Corporation $SNX

Lombard Odier Asset Management USA Corp lifted its position in shares of TD SYNNEX Corporation (NYSE:SNX) by 92.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,439 shares of the business services provider’s stock after purchasing an additional 3,100 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in TD SYNNEX were worth $1,086,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dorato Capital Management bought a new stake in TD SYNNEX during the 4th quarter valued at $27,000. Ossiam raised its holdings in TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TD SYNNEX in the fourth quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of TD SYNNEX during the third quarter valued at about $30,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of TD SYNNEX during the fourth quarter valued at about $32,000. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of TD SYNNEX from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Barrington Research lifted their price target on TD SYNNEX from $202.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. Royal Bank Of Canada set a $340.00 price objective on TD SYNNEX in a report on Friday, June 26th. Morgan Stanley increased their price objective on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Barclays lifted their target price on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, TD SYNNEX presently has an average rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $243.06 on Friday. TD SYNNEX Corporation has a 52 week low of $139.23 and a 52 week high of $296.47. The company’s 50 day moving average price is $258.69 and its two-hundred day moving average price is $205.62. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The stock has a market cap of $19.43 billion, a P/E ratio of 17.40, a P/E/G ratio of 0.69 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.14 by $0.71. The company had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.TD SYNNEX’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities analysts predict that TD SYNNEX Corporation will post 18.01 earnings per share for the current year.

TD SYNNEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio is 13.74%.

Insider Activity

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director directly owned 18,537 shares in the company, valued at $4,503,934.89. The trade was a 21.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 20,000 shares of company stock worth $4,933,700. Company insiders own 0.70% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.